2023 ETB to SYP Historical Review

YEARLY HIGH

47.3281 SYP

YEARLY LOW

44.5291 SYP

YEARLY AVERAGE

45.9106 SYP

2023 ETB to SYP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 47.3281. Conversely, the yearly low was recorded on December 30, dropping to 44.5291.

This high-to-low spread represents a total annual volatility of 2.7989 SYP. From a start-to-finish perspective, comparing the January average rate of 46.8437 to the December average rate of 44.7404, the exchange rate registered a net change of -4.49% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 47.3281 was down 7.42% compared to the 2022 peak of 51.1190, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 ETB based on timing:

Yearly Peak High 236,640 SYP

2022 Average 241,962 SYP

Yearly Trough Low 222,646 SYP

Transaction Impact: A difference of 13,994.68 SYP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

47.0541

44.5301

JanuMarcMayJulySeptNove

ETB to SYP Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 46.4987, compared to 45.3226 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.1760 points.

H1 Avg (Jan–Jun) 46.4987

H2 Avg (Jul–Dec) 45.3226

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.7972 SYP (High: 45.5230 / Low: 44.7258). On the other end, September was the most stable month, with a tight range of 0.2214 SYP (High: 45.6213 / Low: 45.3999).

November Spread (Volatile) ±0.7972

September Spread (Stable) ±0.2214

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.3652 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.3652

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 46.7445) against the same month in 2022 (average: 49.1084), the exchange rate shifted by -2.3639 (-4.81%).

2023 Avg (March) 46.7445

2022 Avg (March) 49.1084

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	47.0115	46.7013	46.8437
February	47.0080	46.4884	46.7808
March	47.3281	46.6053	46.7445
April	46.8831	46.1558	46.3792
May	46.4467	45.9387	46.2099
June	46.3002	45.8203	46.0338
July	46.0350	45.6114	45.8266
August	45.9294	45.3857	45.6153
September	45.6213	45.3999	45.5008
October	45.4181	44.9440	45.1815
November	45.5230	44.7258	45.0712
December	45.1083	44.5291	44.7404